Longlisted for a Business in the Community Responsible Business Award
The KPMG-sponsored academy boosting attainment in one of UK’s most deprived areas
Action and Impact
When the global company KPMG first started supporting The City Academy Hackney (TCAH) in 2005, just 36.7% of young people in the London borough achieved five A* to C grade GCSEs, compared to the national average of 44.1%. Unemployment in Hackney was at almost 12% – the fourth highest in Inner London.
TCAH was founded in 2009 to redress a shortage of high quality education and serve two of the most deprived wards in Hackney. KPMG has co-sponsored, with City of London Corporation, since the beginning, with each providing £1 million of initial funding.
As part of this, KPMG staff volunteer to provide support to the school, including providing five positions on the Board of Governors, pro-bono support on financial management and a wide range of academic and employability support, and work experience to broaden students’ career horizons.
In 2017, 77% of students achieved five A*-C grade GCSEs and 100% of students went into employment, education or training.
“Our work with the Academy proves that long-term, needs-led support from businesses can help schools provide opportunities to the next generation that are defined by merit, rather than privilege,” says Melanie Richards, deputy chair at KPMG UK.